world trade organization definition - EAS

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    World Trade Or·gan·i·za·tion
    [wərld trād ˌôrɡənəˈzāSHən, ˌôrɡəˌnīˈzāSHən]
    DEFINITION
    1. an international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.
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    World Trade Organization

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    https://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm

    The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading …

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      The WTO was born out of the General Agreement on Tariffs and Trade (GATT), which was established in 1947.7GATT was part of the Bretton Woods-inspired family, including the International Monetary Fund (IMF) and World Bank. A series of trade negotiations, GATT rounds began at the end of World War II and were ai…
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